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U.S. manufacturing is facing a growing crisis as imports from China plummet, according to Kimbal Musk and Flexport CEO Ryan Petersen.
A Looming Manufacturing Crisis
Musk, a Tesla (NASDAQ:TSLA) board member and brother of Elon Musk, warned in a post on X that collapsing imports mean “no supply chain for American manufacturing,” which would “result in idle factories (layoffs).” He added that the drop in U.S. exports to China will also “mean idle factories in America.” Musk urged policymakers to “stop this nonsense and let American workers get back to work building great products for the world!”
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This article Cratering Imports From China Threatening US Manufacturing, Says Kimbal Musk—'Stop This Nonsense And Let American Workers Get Back To Work' originally appeared on Benzinga.com
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